Bankruptcy

Effective Debt Relief

Lincoln City Bankruptcy Lawyer

These days, finding yourself overwhelmed by debt and struggling to make
monthly payments is a common problem that faces many Americans, as job
loss and persistent unemployment can make it especially difficult for
some to pay down their debts or even save money.

What can complicate snowballing debt caused by unemployment are expensive
medical bills and/or divorce, both of which are leading causes of bankruptcy
filings in the U.S. In such cases, those who feel like they are drowning
in debt and who may be facing wage garnishments, repossession of their
vehicles or even foreclosure on their homes should keep in mind that:

The sooner they act to resolve these debts, the better off they will be
(especially considering that interest will only compound the debts and
that, once a wage garnishment has been enacted, it’s difficult to stop it).

Filing for bankruptcy can help them get out from under their debts and
achieve a financial fresh start.

Working with an experienced bankruptcy lawyer can ensure that their sensitive
financial matters are resolved as advantageously as possible.

Chapter 7 bankruptcy cases (in which some of a borrower’s assets are liquidated
to pay off creditors while most of his debts – like credit card
and medical debts – are discharged)

Chapter 13 bankruptcy cases (in which borrowers establish a repayment plan to pay
off their outstanding debts over the course of three to five years)

Chapter 11 bankruptcy cases (in which businesses can reorganize themselves in order
to continue operating during bankruptcy and to develop a payment plan
to pay off their debts)

Other bankruptcies for businesses (including limited liability corporations, partnerships, small business
and larger corporations)

Debtors with a history or one or more previous bankruptcy filings

Negotiations of debt settlement

Matters related to bankruptcy need to be handled with the utmost care to
ensure that debtors’ rights are properly protected and that their
financial issues are resolved as efficaciously as possible. Regardless
of whether a business or individual is considering filing for bankruptcy
or whether either has a history of previous bankruptcies, our experienced
Lincoln City bankruptcy attorneys at Andrews Ersoff & Zantello can
provide our clients with effective guidance and personalized support.

We are dedicated to working closely with each of our clients to ensure
that they are fully protected and that they are able to achieve a financial
fresh start while resolving their debts.